Payment Terms and Aging

2014-05-20 - Payment Terms and Aging

• Note: Combined Aging is a plugin that includes both open payments and invoices in your aging report.
• Introduction
• 0:02:00 Payment terms in relation to Pre-Paid Orders
• 0:07:15 Payment Term window description
  • 0:07:45 Immediate payment terms
  • 0:08:15 Net terms
  • 0:08:45 Discount terms
  • 0:12:15 Fixed date terms
  • 0:15:45 Schedule terms
• 0:13:45 Net Day field - what is its purpose
• 0:14:45 Grace Days for dunning
• 0:18:00 Using drafted/prepared Payments to help manage cash flow
• 0:19:30 Using Payment Terms to manage loans
• 0:20:30 Creating example invoices and view the Aging results
  • Create a new BP so that aging is easy to read
  • 0:22:15 Immediate terms
  • 0:24:30 Net 30 terms
  • 0:25:00 Net with discount - terms
  • 0:25:45 Schedule terms
• 0:27:15 How to specify a specific due date for an invoice
  • Link to Due Date View
• 0:30:15 Demonstrate how the payment is SUPPOSED TO automatically reflect the invoice discount.
  • THIS REQUIRES ACTION
  • Seems to be a bug.  "select documentno, invoicediscount(c_invoice_id, now()::timestamp with time zone, 0::numeric) from c_invoice" is returning a null.
• 0:37:15 Prepaid Orders
  • Create PrePaid Sales Order
  • 0:38:45 Create Payment
  • 0:39:45 Review Sales Order resulting documents (Invoice and Shipment)
  • 0:41:15 Using Sales Order to create a Pro Forma Invoice (proforma)
  • 0:43:15 Limitations of current Prepayment  (pre-payment) architecture - link to an alternative solution
  • 0:46:15 Partial payment for prepaid order - what happens? Both Shipment and Invoice get completed
  • 0:53:30 Editing the Payment window to allow a user to manually select the Prepayment flag
  • 0:56:00 Configuring a Sales Order to deliver after receipt of funds (where doctype <> Prepaid Order) - THIS REQUIRES ACTION
• 1:04:30 Forecasting
  • Using the GL Journal to upload one or more budgets/forecasts
  • 1:07:45 Using sub-ledger reports to predict cash (Not Invoice Receipts, Not Allocated Invoices, Not Reconciled Payments)
  • 1:10:45 Cash Plan enhancement by Carlos Ruiz